In a speech to be delivered to the Australian Financial Review's National Energy Summit in Sydney on Monday, Mr Shorten will also reiterate Labor's willingness to negotiate with the Turnbull government a "fair dinkum" clean energy target.

"This does not mean compromise at any cost. A framework that isn't fair dinkum will not receive our support," Mr Shorten will tell the conference.

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Minister for Energy Josh Frydenberg.Credit:AAP

"But there must be a way through. I don't imagine we will get everything we want, and the LNP may not get everything they want. But that cannot mean we throw up our hands, return to our trenches and resume hostilities. It cannot mean choosing insults over ideas or bringing props into the parliament instead of policy."

Mr Shorten believes there are some conservatives within the Coalition who will never vote for a clean energy target in any form.

"But Labor has 69 votes in the House of Representatives – and we are ready to vote for a clean energy target," he will say.

Mr Shorten says existing National Energy Market rules are "biased in favour of big generators" – designed to help them recoup the money they spent on purchasing government assets – and are stacked against householders and consumers.

Chief Scientist Alan Finkel: battle lines are drawn over his review of national energy policy.Credit:Alex Ellinghausen

A Labor government would seek to "modernise" the rules, acknowledging that as many as one in four households now sell power back to the grid.

Mr Shorten says Labor would also free up the Clean Energy Finance Corporation – the government's so-called green bank – to invest in more generation and more storage.

Bill Shorten wants to relax the rules around government investment in renewable energy.

When Labor first set up the CEFC, its return benchmark was set at the weighted average of the Australian government bond rate. But the Coalition has set the benchmark higher, and it currently stands as the average plus 3 to 4 per cent.

"Setting the return benchmark too high defeats the driving purpose of the CEFC and it holds back the crucial investment Australia needs – right now – in new generation and storage," Mr Shorten will say. "This is why a Labor government would restore the original benchmark return of the CEFC to invest in more generation, more storage and more jobs."

Labor will also follow Chief Scientist Alan Finkel's call to organise Australia into a series of Renewable Energy Zones. These zones would be based on both existing generation and storage in the area – and the potential for future development.

Identifying these zones – including eastern Queensland, north-east NSW, west Victoria, the Eyre Peninsula in South Australia and the entire state of Tasmania – would plant a flag for investors by signalling future sites for job-creating projects.